Steve Van Metre

Steve Van Metre, a macro and markets commentator, joins the discussion to analyze IBM's bold claim that AI spending may never yield returns. They delve into the funding risks tied to tech firms' negative cash flow and burgeoning debt, raising alarm bells about the AI bubble. The duo also tackles the disappointing performance from Broadcom and Oracle's risky debt strategy. They connect the dots between investor sentiment, the critical role of AI in the economy, and how wealth concentration could spell trouble for consumer spending.

Steve Van Metre, a financial analyst and market commentator, joins the discussion to shed light on alarming economic trends. He unpacks Goldman Sachs's startling discovery of a zero-rate yield curve, reshaping traditional views on interest rates. The conversation delves into labor market signals, consumer demand shifts, and the ramifications of inflation versus stagnant earnings. Van Metre also highlights how rising prices are reshaping strategies in industries like fast food, revealing deeper implications for economic stability and consumer well-being.

Steve Van Metre, a macro markets and credit cycle expert, joins the conversation as he analyzes the recent turmoil in the financial markets. He discusses repo strains and how rising rates signal deeper liquidity issues. Bitcoin's decline and WTI's brief contango offer insights into market health and risk-taking. Steve emphasizes that the Fed's actions are more about sentiment than direct economic impact. With rising delinquencies and investor redemptions, he warns of an inevitable credit cycle downturn that could shake up the landscape.

Steve Van Metre, a market and credit analyst, joins to unpack the alarming collapse of CarMax and its implications for the credit system. They discuss how plunging consumer confidence and crumbling job security signal broader distress in the auto sector. As lenders tighten subprime auto risk, they highlight the ripple effects reaching prime borrowers. Furthermore, the tightening liquidity in supply chains and the increasing fears of layoffs present a critical outlook on the economy, revealing potential for a wider credit crisis.

Steve Van Metre joins Jeff Snider to delve into overlooked insights from Jay Powell's Jackson Hole speech. They dissect the implications of evolving Fed sentiments on inflation and employment risks. The conversation highlights the significant shift in market reactions, including SOFR futures, and critiques the idea that interest rate cuts can solve deeper economic problems. Additionally, they explore consumer behavior amid rising prices and the challenges faced by businesses due to inflation, revealing a complex economic landscape.